LVP invests 1.5M USD in Danish BetaDwarf

Copenhagen-based BetaDwarf, the game studio behind Forced and Minion Masters, has received 1.5 million USD in funding from London Venture Partners. LVP’s Are Mack Growen (speaking at NG18) will also join BetaDwarf’s board.

The investment will be used to support BetaDwarf’s current and future projects, hire top talent to enhance GaaS efforts on PC and console, as well as boost cross-game community development and streamer operations.

“My first encounter with LVP was fairly random, but I left it completely baffled: it felt like BetaDwarf had suddenly found the Master Sword in Zelda and that it was even specifically sharpened for our future,” said BetaDwarf co-founder and CEO Steffen Kabbelgaard Grønning. “Hence you can imagine that I am incredibly satisfied about our now official partnership.”

“We have been totally impressed by Steffen, Kenneth and the team at BetaDwarf, since we first met about a year ago,” said Are Mack Growen from London Venture Partners. “We are super excited to be allowed to join this exciting journey and can’t wait to see where BetaDwarf will get to.”

BetaDwarf is currently preparing a multi-platform release for Minion Masters, the most popular real-time card game on Steam, and is actively recruiting for future projects.

London Venture Partners funds European and US early-stage companies in the games industry. LVP investments to date include Supercell, Reach Robotics, Polystream, AppOnboard, Gawkbox, Dojo Madness, Plexchat, Futureplay and Playfusion.